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CLDS (Direxion Daily Cloud Computing Bear 2X Shares) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
CLDS does not currently pay a dividend.
See exactly how CLDS's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for CLDS and 80,000+ other tickers.
Under typical market conditions, this fund aims to deliver inverse (opposite) or short leveraged returns relative to its benchmark index. It achieves this primarily through investments in various financial instruments such as swap agreements, futures contracts, or direct short positions. At least 80% of the fund's net assets, supplemented by any capital borrowed for investment purposes, are dedicated to this strategy. The benchmark index, which is curated by Indxx, LLC, comprises U.S.-based companies that offer cloud computing infrastructure, platforms, or related services. This fund is structured as a non-diversified investment vehicle.
2023's market rally continues to center itself on the big tech comeback with certain themes exhibiting strength like artificial intelligence (AI) and cloud computing. While these themes can offer traders short-term opportunities, they can also persist in the long term as growth plays.
The market rally might be taking a breather in the month of August, but the growth prospects of cloud computing look promising in the long-term horizon. That said, traders could take advantage of the recent pullback and capitalize on future strength.
Just like the overall broader tech market, cloud computing took a hit in 2022 amid inflation fears, but as the space continues to rebound in 2023, short-term obstacles could provide opportunities for traders such as the latest probe by Ofcom, the U.K.'s communications regulator.
At the beginning of the pandemic, the sun was shining on cloud computing as social distancing measures stressed a focus on online business models. Now, bearish sentiment is pushing the space lower, making way for gains in inverse exchange traded funds (ETFs) focused on cloud computing.
2022 has so far left eclipsed 2021 when it comes to closures.